In the fall of 2013, a corn producer could have received approximately $3.85 cash price for harvest delivery. Many farmers were not excited to sell at this price, so a lot of grain went into the bin, unpriced.
Area farmers are storing their crops after a drop in prices and waiting for a rebound.
Problems on Wall Street bear most of the blame for plunging crop prices, said Mike Krueger, founder and president of the Money Farm, a grain marketing advisory service in Casselton.
“The financial mess is affecting commodity markets,” he said.
Many investors want the security of cash and are selling commodities, he said.
October 09, 2008
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